12 C.F.R. Part 712, Credit Union Service Organizations (CUSO's)

Forms and Documents

Document Name	Status
0149, PRA - Supporting Statement.docx Supporting Statement A	2008-08-19

IC Document Collections

IC ID	Document Title	Status
32793	12 C.F.R. Part 712, Credit Union Service Organizations (CUSO's)	Modified

ICR Details

OMB Control No: 3133-0149	ICR Reference No: 200808-3133-001
Status: Historical Inactive	Previous ICR Reference No: 200504-3133-001
Agency/Subagency: NCUA	Agency Tracking No:
Title: 12 C.F.R. Part 712, Credit Union Service Organizations (CUSO's)
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 11/25/2008
	Date Received in OIRA: 08/21/2008
Terms of Clearance: Previous terms of clearance met. Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2011	36 Months From Approved
Responses	6,043	0	0
Time Burden (Hours)	10,974	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This rule regulates the relationship between credit unions and their service organizations and helps assure that the relationship is properly established and documented; it also provides NCUA with authority to review books and records of CUSOs to assure that potential risks to the safety and soundness of credit unions are properly managed.

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Authorizing Statute(s): US Code: 12 USC 1766 Name of Law: Federal Credit Union Act (USC)
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3133-AD20	Proposed rulemaking	12 FR 712	05/01/2008

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
12 C.F.R. Part 712, Credit Union Service Organizations (CUSO's)

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	6,043	0	0	6,016	0	27
Annual Time Burden (Hours)	10,974	0	0	10,414	0	560
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The proposed amendment would extend some aspects of NCUA's CUSO regulation to FISCUs and would therefore increase the number of institutions that are affected by the regulation.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 08/21/2008

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